Sunday, June 28, 2009

Books, Budget and Beyond

If ever my fuddy-duddy credentials need reiteration, on offer is a blissful hour at Books & Beyond amidst Sunday frenzy today (note that dying weekends' embers usually propel me to action, a wistful last hurrah of sorts; also means Saturday = procrastination). Nestled in a corner of Spencer's in Megacity on Gurgaon's Mall Mile, this minor merchant establishment is soon to be history, to facilitate expansion of its more remunerative music-peddling sibling. Postscript to the economic progression was a clearance sale (discounts 'up to' 70%). My better had been motivating me to this happy destination; she won on its last day.

We found a store plundered by the preceding hordes. An understandably diminished proprietorial interest had done its bit too, leaving much to be desired for the fastidious. Yet, the mess seemed incidental, fostering opportunity to savour pleasures of discovering 'novel' bargains in the mélange. We obliged, with late appearance (tut tut) at the crime-scene being our only remorse, emerging a dozen books richer.

The country's mood is seized of much larger catechisms as we speak. Chief of these is the General Budget, an exercise the redoubtable Pranab Mukherjee must find quaintly amusing, coming back to the North Block as he is after two and a half decades. While it may take a tome to recount the interregnum's cataclysmic upheavals, the weight of expectations is one Pranab-da may find strikingly similar. He may be loath to admit, but it is impossible to miss the Nation's collective sigh of relief at the Left's decline in Elections 2009. Indeed, it is as historic in political consequences as hysteric in the economic expectations unleashed! In some quarters, Dalal Street for one, the prospect of a government sans lal jhandi in Delhi has sent valuations into a tizzy, and one wonders if this gravity defying climb has enough roots in logic.

In a way, the ignominious performance of the Communists is uniquely humbling. The timing is notable: the world is still mourning the demise of unbridled Capitalism. While there may be post-mortem exercises aplenty (hindsight makes every chaman a Chanakya after all) the sheer absence of even a token such effort from our learned Comrades is most instructive. My sense is that more than the goonda-raj or endemic corruption, it is this arrogance and divorce from reality that has been Left's undoing. Given their penchant for mouthing the mightiest platitudes and doing nothing by way of action, one ought not to be surprised at this mendacious stance of our holier-than-thou Communist brethren. Suffice it to say for now that if things stay unaltered, Mamata didi will have her day in Bongland come 2011.

Fact remains that, globally, there is significant public debate and focus on the New World Order. Much of the prognosis appears premature though; one could easily argue that the new realities are some way off. Hence, it would have helped to get a meaningful contribution from Left of Centre. Not to belabour the point, but Messrs Karat, Yechury & Co remain thoroughly unequal to the ask.

Be that as it may, one postulate is crucial to our collective national opinion or governmental policymaking (apropos the Budget). This is the commonly prescribed dichotomy between growth and inclusiveness; and the presumably disastrous electoral consequences of any agenda founded in economic common-sense. In our sociopolitical discourse it seems one must side with either aam aadmi or Big Business, never both. One wonders if this overly simplistic and potentially deleterious axiom will be challenged by the new dispensation on Raisina Hill. After all, notwithstanding the odd hiccup in government formation (Kalaignar's family balancing act ensured history was not forgotten too soon), there can be little doubt that, with the Left left, MMS & Co have a real opportunity to fashion a new dawn.